London midday: BG and Barclays provide a drag on the Footsie
31st Oct 2012 11:48
- BG drops nearly 20 per cent after cutting guidance - Barclays disappoints with Q3 results - US markets to re-open following two-day closure After a stable start, the FTSE 100 had dropped into negative territory by Wednesday lunchtime, with heavy falls from BG Group and Barclays providing a drag o
Read moreWednesday broker round-up - UDPATE
31st Oct 2012 09:09
AMEC: Seymour Pierce keeps buy rating and 1,250p target; Investec keeps buy rating and 1,300p target. Babcock: Panmure Gordon keeps hold rating and 940p target. Barclays: Nomura keeps reduce rating and 210p target. BP: Jefferies keeps hold rating and 450p target. Chariot Oil & Gas: Seymour Pierc
Read moreLondon open: Stocks rise but Barclays limits gains
31st Oct 2012 08:44
- Barclays falls after unveiling two new US probes - US stock market expected to open today - Asian data lifts the mood UK stock markets edged higher in early trading on Wednesday despite some poorly-received third-quarter figures from Barclays and Next early on, The New York Stock Exchange is ex
Read moreSt James's Place helped by market 'stability' in Q3
31st Oct 2012 08:10
St James's Place, the FTSE 250 wealth management group, saw a six per cent increase in funds under management (FuM) in the third quarter as it reported good growth in new business despite the continuing macroeconomic uncertainty. FuM at the end of September totalled £32.8bn, up 6% from the end of t
Read moreBroker snap: UBS labels Pru and Aviva as its top insurance picks
30th Oct 2012 17:15
Insurance stocks were surprisingly making gains today in spite of Hurricane Sandy hitting the east coast of America, as markets get ready for the UK insurance and life assurance nine-month results season, which kicks off tomorrow with statements due out from Standard Life, St James's Place and Phoen
Read moreLondon close: Markets rebound on low volumes
30th Oct 2012 16:59
With US stock markets remaining closed for a second straight day as Hurricane Sandy continues to batter the shores of America's East Coast, equities across the Pond rebounded as investors celebrated decent results from a number of heavy hitters across Europe. "Trading remained thin today as the NYS
Read moreTuesday broker round-up - UPDATE
30th Oct 2012 08:23
African Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreMonday broker round-up - UPDATE
22nd Oct 2012 08:19
888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreBroker tips: Life insurers, ASOS, May Gurney
7th Sep 2012 12:23
Credit Suisse has downgraded its rating for Legal & General as part of its review of the UK life insurance sector. Among the growth-oriented insurers with higher price-to-earnings multiples, the broker said it prefers Prudential ('outperform') and St James's Place ('neutral') over Standard Life ('u
Read moreBroker snap: Credit Suisse downgrades Legal and General
7th Sep 2012 10:21
Credit Suisse has downgraded its rating for Legal & General as part of its review of the UK life insurance sector. For the sector as a whole, first-half results met or beat consensus forecasts across most key metrics, the broker said on Friday morning. Credit Suisse said: "Top-line growth softene
Read moreFriday broker round-up -UPDATE
27th Jul 2012 09:54
African Minerals: Goldman Sachs upgrades to buy. AG Barr: Investec reiterates buy recommendation and 485p target; Shore Capital downgrades to hold; N+1 Brewing downgrades to hold. AstraZeneca: Nordea downgrades to sell. Barclays: Investec maintains buy rating and 240p target. BG Group: UBS cuts
Read moreWednesday broker round-up
18th Jul 2012 09:21
Ashmore: Goldman Sachs upgrades to buy. Ashtead: Jefferies reiterates buy rating and 320p target. Booker: Investec maintains buy rating and 98p target. British Land: BarCap downgrades to equal weight. Capital Shopping Centres: BarCap upgrades to overweight. Chariot Oil & Gas: Merchant Securitie
Read moreFUM at St James's Place hit record level
3rd May 2012 09:26
Wealth management group St James's Place has seen funds under management (FUM) grow to record levels despite shaky investor confidence. In the first quarter of 2012 the company saw a net inflow of £700m into its funds and a 95% retention rate of existing clients. Its funds under management figure
Read moreThursday broker round-up
3rd May 2012 09:15
Afren: finnCap downgrades from buy to hold. Carnival: Shore Capital upgrades from hold to buy. CSR: Jefferies reiterates buy rating and 290p target. Fenner: Credit Suisse downgrades from outperform to neutral, target cut from 540p to 480p. Ferrexpo: Renaissance Capital upgrades from hold to buy.
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